JAKARTA - Financial Market Observer and Commodity Ariston Tjendra said that the movement of the rupiah has the potential to strengthen against the United States (US) dollar on Wednesday, May 21.
Ariston said the US dollar index was below the 100th level this morning, around 99.
"The decline in the Dollar index is due to market reactions to statements by Fed officials speaking yesterday, namely Alberto Musalem and Beth Hammack, who are worried about the recent US economic health," he told VOI, Wednesday, May 21.
SEE ALSO:
In addition, he said that the decline in the US debt rating was still a trigger for the weakening of the US dollar against other exchange rates.
He conveyed that the movement of the rupiah on Wednesday, May 21 has the potential to strengthen to the level of Rp. 16,300 per US dollar, with the potential for resistance in the range of Rp. 16,400 per US dollar.
Quoting Bloomberg, on Tuesday, May 20, the rupiah spot exchange rate was closed up 0.12 percent to the level of Rp. 16,413 per US dollar. Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of Bank Indonesia (BI) closed up 0.30 percent to a price level of Rp. 16,406 per US dollar.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
